SJS Enterprises IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the SJS Enterprises IPO release date, IPO offer price, subscription, SJS Enterprises Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 531 to Rs 542 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 27 Shares |
| Listing Date | Nov 15, 2021 |
| Offer for Sale | Rs 8,000 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 8,000 Million |
| Tick Size | 1 |
SJS Enterprises IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
SJS Enterprises IPO – Summary
Their Company is one of the leading players in the Indian decorative aesthetics industry in terms of revenue in Fiscal 2020 and as of March 31, 2021, offered the widest range of aesthetics products in India, according to the CRISIL Report.
They are a “design-to-delivery” aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries. Their Company supplied over 115 million parts with more than 6,000 SKUs in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries.
The Promoter of this company is EVERGRAPH HOLDINGS PTE. LTD. AND K.A. JOSEPH. The lead manager to the issue is Axis Capital Limited, Edelweiss Financial Services Limited, and IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.
SJS Enterprises IPO Date
The opening and the closing date of SJS Enterprises IPO are Nov 1, 2021, and Nov 3, 2021, respectively.
Check out Related IPO Links:
| SJS Enterprises IPO GMP |
| SJS Enterprises IPO Allotment |
SJS Enterprises IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 1st Nov | 0.00x | 0.01x | 0.64x | 0.32x |
| 2nd Day – 2nd Nov | 0.00x | 0.06x | 1.00x | 0.51x |
| 3rd Day – 3rd Nov | 1.42x | 2.32x | 1.38x | 1.59x |
| Shares Offered or Net Issue | 3,013,183 | 2,259,887 | 5,273,070 | 10,546,140 |
The shares subscribed by the public will be updated here.
Check SJS Enterprises IPO LIVE Subscription
- SJS Enterprises IPO LIVE Bid details on BSE
- SJS Enterprises IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
SJS Enterprises IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
SJS Enterprises Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 10, 2021 |
| Refunds Initiation | Nov 11, 2021 |
| Credit of Shares to Demat Account | Nov 12, 2021 |
| Share Listing Date | Nov 15, 2021 |
SJS Enterprises IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 531 to Rs 542.
SJS Enterprises IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs 531 to Rs 542 per equity share aggregating to Rs.8,000 Million.
SJS Enterprises IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.8,000 Million
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SJS Enterprises IPO – Live Performance
The listing date of this IPO is Nov 15, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – SJS Enterprises Share Price |
SJS Enterprises IPO Grey Market Premium
The SJS Enterprises Limited IPO Grey Market Premium price is Rs 69, the Kostak rate is Rs 0 and the Subject to Sauda is 0.
SJS Enterprises IPO – Company Overview
They differentiate themselves on the basis of the wide range of their product portfolio, the quality of their product offerings, their product design and development capabilities, and the strength of their relationships.
Customers are located across various industries globally. In addition to manufacturing aesthetics products that cater to the requirements for the two-wheeler, passenger vehicle, and consumer appliance industries, they also manufacture a wide range of aesthetics products that cater to the requirements of commercial vehicles, medical devices, farm equipment, and sanitary ware industries.
Their product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, “In-mould” label or decoration parts (“IML/IMD(s)”), lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts. They also offer a variety of accessories for the two-wheelers’ and passenger vehicles’ aftermarket under their “Transform” brand
SJS Enterprises IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 3,835.44 | 3,322.55 | 3,040.49 |
| *Total Revenue | 2,551.54 | 2,212.73 | 2,407.63 |
| Total Expense | 1,909.76 | 1,669.23 | 1,804.81 |
| Profit After Tax | 477.65 | 412.85 | 376.01 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 15.69 | 13.56 | 12.35 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 477.65 Million, Rs. 412.85 Million, and Rs. 376.01 Million respectively.
SJS Enterprises IPO – Promoters
The Promoter of this company is:
- EVERGRAPH HOLDINGS PTE. LTD
- K.A. JOSEPH
List of Related Parties (Key Managerial Personnel)
- Ramesh Chandra Jain, Chairman, and Independent Director
- K.A. Joseph, Managing Director
- Sanjay Thapar, Executive Director, and Chief Executive Officer
- Kevin K. Joseph, Executive Director
- Kazi Arif Uz Zaman, Nominee Director
- Vishal Sharma, Nominee Director
SJS Enterprises IPO – Promoters Holding
- Pre Issue Share Holding – 98.86%
- Pos Issue Share Holding – 50.37%
SJS Enterprises IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.8,000 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 30,437,904 Equity Shares |
| Equity Shares outstanding after the Issue | 30,437,904 Equity Shares |
SJS Enterprises IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To carry out the Offer for Sale of up to [●] Equity Shares by the Selling Shareholders
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
SJS Enterprises IPO – Business Strategy
- Leverage market position to capitalize on favorable industry trends
- Focus on development and introduction of new technologies and advanced aesthetic products
- Increase their share of business with existing customers and acquire new business
- Increase geographical footprint and increase exports
- Integrate their Subsidiary and enhance opportunities
- Expand their business through strategic inorganic growth opportunities
SJS Enterprises IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading aesthetics solution provider with an extensive suite of premium products in a growing industry
- Strong manufacturing capabilities supported by an established supply chain and delivery mechanism
- Strong innovation and product design and development capabilities
- Long-standing customer relationships
- Strong financial position and track record of financial performance
- The experienced and qualified management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 15.69 | 15.15 | 103.56 |
| 31-Mar-20 | 13.56 | 14.76 | – |
| Mar-19 | 12.35 | 15.76 | – |
SJS Enterprises IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| SJS Enterprises Limited | 10 | [●] | 15.69 | 15.15 | 2,551.54 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
SJS Enterprises IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited Edelweiss Financial Services Limited IIFL Securities Limited |
SJS Enterprises IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 247 Park L.B.S. Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: sjs.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: sjs.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
SJS Enterprises IPO – Other Details
- Statutory Auditor – B S R & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
SJS Enterprises IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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SJS Enterprises Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
SJS Enterprise IPO Review FAQs
Ques – What is the Issue Size of SJS Enterprise IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of SJS Enterprise IPO?
Answer – The price band for this particular IPO ranges between Rs 531 to Rs 542. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the SJS Enterprise IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 1, 2021, while the closing date is set at Nov 3, 2021.
Ques – What is the SJS Enterprises IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 10, 2021, refund initiation is on Nov 11, 2021, credit of shares is on Nov 12, 2021, and share listing date is on Nov 15, 2021.
Ques – What is the SJS Enterprise IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Nov 15, 2021. The date, when the listing would be done, is stagnant on Nov 15, 2021.
Ques – Who is the Registrar of SJS Enterprise IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of SJS Enterprise IPO?
Answer – Here are the promoters of this IPO – EVERGRAPH HOLDINGS PTE. LTD. AND K.A. JOSEPH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of SJS Enterprise IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 69. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is SJS Enterprise IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of SJS Enterprises Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 477.65, 2020 is 412.85, 2019 is 376.01.
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